Insurance Education: Nepal is an agricultural country. The Terai province of Nepal is also known as the granary. Although there is a good potential of agribusiness in Nepal, it has not been properly implemented. Nepal’s agricultural business has not been able to flourish due to many reasons such as lack of use of various types of equipment developed in the agricultural sector and lack of access to economic conditions. In the absence of security, people do not like to invest in agriculture business. In such a situation, Nepal’s agriculture business has not been able to flourish.
With the introduction of crop and animal insurance program by the Government of Nepal, the path of hope has also been opened to some extent among the farmers. The agricultural insurance program, however, reduces the burden of risk to the farmers. That is, it will protect the risks to the farmers.
Nepal is the largest producer of cardamom in the world. Cardamom is a cash crop, from which farmers will be able to earn income quickly. Cardamom cultivation insurance is also included in the crop and animal insurance brought by the government. If we are involved in cardamom cultivation or are going to be and willing to insure, then it is definitely necessary to understand about cardamom cultivation insurance.
Risks covered by the policy
In case of loss of cardamom within the period of cardamom insurance, the compensation amount will be paid according to the cost price. It protects against fires, earthquakes, droughts, landslides, snow, insects and diseases. In case of such loss, up to 90 percent of the amount will be paid to the insured.
Non-indemnity conditions
In all cases, the insurance policy does not pay the claim. This insurance policy does not protect cardamom cultivation if it is damaged due to negligent behavior of cardamom cultivation or his family, if the insured cardamom cultivation has to be destroyed on the orders of the legal body, if the insured cardamom is stolen, if the insured cardamom is destroyed or damaged due to reasons such as war, encroachment, etc., if the details in the insurance proposal form are given false details and cardamom is not produced due to cardamom cultivation.
Claim process
In case of loss of cardamom cultivation due to the risks protected by this policy, the documents should be submitted to the insurer within 15 days. The claim form filled with the original insurance policy, the report of the concerned technician, the concerned rural municipality÷ municipality or at least two neighbours, the head of the sandhiyar and the photo of the damaged cardamom should also be submitted.
Presentation : Bijaya Baskota
[‘इन्स्योरेन्स शिक्षा’ कार्यक्रम नेपाली बीमा क्षेत्रको बिकाशको लागि थालीएको एउटा नविनतम प्रयास हो, यदि तपाईहरु संग पनि इन्स्योरेन्स सम्बन्धि कुनै समाचार, लेख/रचना, बिस्लेषणहरु छन् भने हामीलाई सम्पर्क गर्नुहुन अनुरोध गर्दछौ, [email protected]]
